[2014-04-25] BBC - How to mint your own virtual money

[Mowcore]

BBC - How to mint your own virtual money

http://www.bbc.co.uk/news/technology-27143341

I am the richest person in the world but, sadly, only when it comes to Beebcoins.

That is the name of the virtual crypto-currency I created to see how easy it is to leap on the virtual cash bandwagon.

That bandwagon briefly propelled each Bitcoin, the best known crypto-currency, to be worth about $1,200 (£715). Currently each virtual coin trades for much less than half of the value of that November 2013 peak.

I smell premine...

[Bit_Happy]

"For me the Beebcoin experience has given me a greater understanding of how crypto-currencies work and why some of them fail and others succeed. The value of these virtual currencies lies, like the real things, in what people are willing to pay for them."

That is a decent article, just one problem.
(In a day or two) Here come the newest bitcointalk.org members:
Just what we needed 28,000 noobs all asking how to launch their Great new alt coin.

[Lethn]

I don't like to sound cocky but we are so ahead of the curve on this one guys aren't we? I can't help but think that when looking at articles like this.

[meanig]

I don't understand why journalists repeat the mantra that buying bitcoins is a shady affair. He should have explained that the risks come from the reversibility of legacy payment systems. Maybe he doesn't know that 

[bryant.coleman]

Who knows... may be in the not too distant future, every family might be having its own currency. Even now, we have more than 1,000 alt-coins and their numbers have been increasing at 20-30 per day. At this rate, we can expect some 10,000 alt-coins by the end of this year. 

[Bit_Happy]

Who knows... may be in the not too distant future, every family might be having its own currency. Even now, we have more than 1,000 alt-coins and their numbers have been increasing at 20-30 per day. At this rate, we can expect some 10,000 alt-coins by the end of this year. 

If a free market produces worthless junk, isn't the crap supposed to fade away instead of multiply?

[Xello]

"For me the Beebcoin experience has given me a greater understanding of how crypto-currencies work and why some of them fail and others succeed". Hmm, it's time to create my own crypto-currency!

[nangetsu]

As you can see, the difficulty is getting the community rally behind a coin!